More than $10 million worth of surplus property and equipment has been sold through iBid since 2003, including agricultural equipment and motor vehicles.

The move to all on-line sales has saved the state $60,000 annually in banking, security, and other associated expenses typically required for on-site warehouse public sales, according to CMS. It increased revenues from online sales by nearly $1 million in fiscal 2013.

Acting CMS director Simone McNeil said iBid was designed to increase the money earned from the sale of surplus property and to make it easier for buyers to participate.

“Bidders no longer have to drive to Springfield or spend hours on the auction floor,” she said. “They can follow the auction from their office or home, night or day, on their computers or other devices, instantly bidding on items no longer needed by state government.”

Claffey said an item is deemed to be surplus when it is no longer needed for some reason, when the cost of repairing it exceeds its value or when it reaches the end of its useful life.

Internet bidding on the various types of off-road equipment, heavy trucks, tractors and other vehicles will end at 4 p.m. March 28.

Interested bidders may register and preview the equipment online at http://ibid.illinois.gov.

Auction terms and conditions, pickup times, methods of payment, and photos and descriptions can be found online. No on-site previews will be permitted.

Winning bidders are notified immediately after the auction closes and may pay online via credit card (MasterCard or Visa) or by certified check or money order.